## **CYLCH MEITHRIN TREHARRIS** ## **Trustees Annual Report** The Trustees present their report with the unaudited financial statements of the charity for the year ended 31 March 2024. ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Charity No. 1055231 Principal Office** 17 Brynteg Treharris CF46 5RF ## **Trustees** The following Trustees served during the year: T. Griffiths G. Watkins Directors of Corporate Trustees Gemma Watkins Tracey Griffiths ## **Accountants** Tax Relax Ltd 37 Oakland Street Bedlinog CF45 6TE ## **Bankers** HSBC UK 127-128 High Street Merthyr Tydfil CF47 8DN ## **OBJECTIVES AND ACTIVITIES** The purpose of the charity is to provide a happy family atmosphere in which children learn through the medium of Welsh The main activities undertaken in relation to those purposes are to plan daily fun and engaging activities following the foundation phase seven areas of learning to ensure every child is given the opportunity to explore and investigate through a wide range of activities whilst learning through play. Promote such other charitable purposes as may from time to time be determined, the trustees are aware of the benefits to the community based on the guidance from the Charity Commission. - Allowing children to learn through the medium of Welsh. - Providing the residents access to local learning thereby allowing them to gain confidence, new knowledge and skills. - Providing residents with job opportunities that build their confidence and self esteem. ## **ACHIEVEMENTS AND PERFORMANCE** ## **CYLCH MEITHRIN TREHARRIS** ## **Trustees Annual Report** The Cylch Meithrin provides an important part in the community. It provides good quality, affordable, childcare through the medium of Welsh. It is also a feeder for the Welsh Medium school and majority of the children who leave us progress to Welsh education. We offer both private and flying start places and are fully inclusive. We offer the 30 hour childcare as well as full day care or sessional. ## **FINANCIAL REVIEW** During 2023-24 financial year our income generating capacity has seen a positive increase this year, we have seen more grants from the MTCBC and increase in children using the day-care. We always strive to further increase our footfall and subsequent income so will continue to market the centre, we believe our planned projects for the year ahead will set us on the right path to achieve this. The Policy for holding reserves is to insure we have a fall back for the day to day running costs of the charity. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** The nature of the governing document is constitution. The trustees are appointed during out annual AGM and the charity is committee run and voluntary. ## **Statement of trustees' responsibilities in relation to the financial statements** The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. The Treasurer is responsible for the Association's finances and works closely with the Centre Manager to maintain proper accounting records and provide accurate and timely financial reports for the Board. Signed on behalf of the charity's trustees T. Griffiths Trustee 31 March 2024 Registered Cl]arity NuMb￿- :_ 1055231 CYLCH MEITHRIN TREHARRIS FINANCIAL STATEMENrs FOR THE YEAR END 31 March 2024 17 Brynteg FOR THE YFAR ENDED 31 March 2024 INDEPENT)ETrU EK4MtNER'S REPORT............. ........ .. .................. ...... .. ........ ......... ......... ... ....... li STAIEMETrtt OF FINANCIAL ACTII'ITIES...................................................................................................... BALANCE SHEET............................................ Tr*OTES TO THE F￿￿CIAL STATEmETr￿S........................................................................................... ........ FOR THE YFAR ENDED 31 March 2024 Independent Examiners Report Independent Exammer's Report to the trustees of CYLCH MEITHRIN TREHARRIS I report to the trustees on m)" examination of the accounts of CYLCH METHRIN TREFL4RIUS for the year ended 31 March 2024 1i41ich compnse the Statement of FItwic￿ Actii"ities, the Balance Sheet and the related notes. Responsibthttes and basis of report As the charity"'s triistees )"ou are responsible for the preparation of the accounts in accordance Thith the requirements of the Chanties Act 2011 (the Act). The tTUStees consider that an audit is not required for this Jear under the Charities Act 2011. 144(2) (the 201 l Act) and that an independent examitLation is needed I report in respect of mTr' eKammation of the clwitN s accounts carried out under section 145 of the 201 l Act and in carry.ing out m)" eXamI￿tion I hai"e folloii.ed all the aPp￿cable Directions gii.en by the Charity Comm￿S1o￿ under sectson 14i(5b) of the Act. Independent examiaer's statement I hai"e completed m!. e￿￿￿￿￿tion. I can confm that no material matters hai"e come to my attention ￿ connectton ith the eXaM￿￿tiOn gi1.￿g me cause to behei"e that io an), n￿ter￿1 respect: - the accounting records Th'ere not kept in respect of the charity as required by section 130 of the Act or - the accounts do not accord iiith those records or - the accounts did not complj iiith the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Imports) Regulations 2008 other anN" requirement that the accounts giN"e a true and fajr i"ieii" 114u.cb ￿ not a matter considered as part of an end eLimU￿tIon. FOR THE YFAR ENDED 31 March 2024 I hai"e no concerns and hai"e come across no other matters in connection V¥ith the examination to M'kn'ch attention should be draMTr in report in Order to enable a proper understanding of the accounts to be reached. Brandon Hutt¢)n Relax Ltd 3 7 Oakland Street Bedlinog CF46 6TE FOR THE YFAR ENDED 31 March 2024 Recomrnended categories by actiTrih- Note5 Unrestricted fund5 Total Fund5 2024 Income and endoiyments from: Donations and legacies 168.50 168.50 Charitable actiN-ities 41.406.81 41.406.81 Other tradmg actii"Ities 12.174.60 12.174.60 Total 53,749.91 53,749.91 Expenditure on: R￿'sIng funds 3.405.58 3.405.58 Clwi'table actiiities 55.467.50 55_467.50 Total 58.873.08 58,873.08 et RncomeJ(expenditure) (5,123.17) (5,123.17) Net moi-ement in funds (5,123.17) (5,123.17) Reconciliation of funds: Total fimds brought foni7rd 21.980.00 21.980.00 Total fuDds carried forward 16,856.83 16,856.83 FOR THE YFAR ENDED 31 March 2024 Recomrnended categories by actiTrih- Note5 Unrestricted fund5 Total Fund5 2024 Current assets Cash at bank and in hand 16.856.83 16_856.83 Total current assets 16,856.83 16,856.83 Total Det assets or ]iabilities 16,856.83 16,856.83 Funds of the Charity Unrestncted fimds 16.856.83 16.856.83 Restricted income funds EndoiiThent funds Total funds 16,856.83 16,856.83 The fmancial statements Th'ere approN"ed by the Board on 17-Jan-2025 and signed on its behalf by: Tracy Gr￿LthS Tn￿tee FOR THE YFAR ENDED 31 March 2024 l Accounting Policies 1.1 Accounting Policies The prmcipal account]ng p0￿cleS adopted by the Charity. 1i4llch is a pubhc benefit entity. in the preparation of the accounts as folloiiE. 1.2 Basis of preparation These accounts hai"e been prepared under the lllstorical cost coni"ention. as modified by the ￿clUsion of chan'table operties and f￿ed asset ini"estments and ini"estment properties at i"aluatio These accounts hai"e been prepared ￿ accordance iNIth "Account]ng and Reporting by Charities: StatetDent of Recommended Practice applicable to charities preparing their accounts ￿ accordance iiith the Finallc￿ Reporting Standard applicable in the and Repubhc of Ireland (FRS 102)".: (effectii"e l Januar), 2019) - (ChaTities SORP (FRS 102)). the Flllancial Reporting SLindard apphcable Jn the UK and Repubtsc of Ireland (FRS 102) and the Charities Act 2011. These accounts are presented in pounds sterlmg and rounded to the nearest pound. IJ Going concern The Trustees hai"e Prepared financthl projections, taking into consideration the current economic conditions and haN"e. at the tinie of appro1￿g these accounts. a reasonable expectation that the charity has adequate resources to contmue in operational ejustence for the foreseeable future. Thus they contmue to adopt the gomg concern basis of accoUnt￿g in preparing the accounts. 2 Income from Donations and Legacies ITnrestricted funds Total funds 2024 Anahsis Funthaising 168.50 168.io 168.50 168.io 3 Income from Charitable Activities ITDre5tricted funds Total funds 2024 Anah"sis Clllldcare Offer Ftying Start Fees Parent Fees 4.830.55 19.035.06 17.541.20 41.406.81 4.830.55 19.035.06 17.541.20 41.406.81 FOR THE YFAR ENDED 31 March 2024 4 Income from Other Trading Activities ETnrestrRcted funds Total funds 2024 Analj'sis c￿ad Rhan G￿t MTCBC Enhanced Support CBC Grant Training Grants WG 30 Hour 75.00 1.448.38 6.930.72 308.00 3.412.50 12.174.60 75_00 1.448.38 6,930.72 308_00 3.412.50 12.174.60 5 Expenditure on Raising Funds Total funds 2024 Anah3is Rent collectioo propety repa￿S and rna￿tenance charges Support Costs 3.215.98 189.60 3.405.58 6 Expenditure on Charitable Activities Total hnds 2024 A￿a￿:SIS Bank charges 'ages and salaries Staff costs Chan'ts. njnning cost Cost of sen.ices Support Costs 125.60 51.117.58 1,286_60 2.099.53 59_59 778.60 55.467.iO FOR THE YFAR ENDED 31 March 2024 7 Support Costs Total funds 2024 Anah:sis Staff costs GoTr-ernance Costs Accountants fees 379_20 589.00 968.20 8 Cash at bank and in hand Total hnds 2024 Cash at bank and on I￿ld 16.856.83 16.856.83 9 Charity funds 9.1 Details ofmaterial funds held and moTrements during the CLIUIEJT reporting period Fund balances brought fornard Fund balances carried forn'ard Gains and losses Fund names Income Expendlture Transfers ITnrestricted funds General Fund 53.749.91 (58.873.08) (5.123.17) Total 53,749.91 (58,873_08) (5,123.17) 9.2 Transfers between funds This l'ear Amount Bett4'een unrestricted and restricted fimds Bett4"een endoi4inent and restricted fimd5 Betti"een endoThment and untestricted fimds ## **CYLCH MEITHRIN TREHARRIS** ## **Independent Examiners Report** ## **Independent Examiner's Report to the trustees of CYLCH MEITHRIN TREHARRIS** I report to the trustees on my examination of the accounts of CYLCH METHRIN TREHARRIS for the year ended 31 March 2024 which comprise the Statement of Financial Activities, the Balance Sheet and the related notes. ## **Responsibilities and basis of report** As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011(the Act). The trustees consider that an audit is not required for this year under the Charities Act 2011, 144(2) (the 2011 Act) and that an independent examination is needed I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5b) of the Act. ## **Independent examiner's statement** I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in, any material respect: - the accounting records were not kept in respect of the charity as required by section 130 of the Act or - the accounts do not accord with those records or - the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Imports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an end examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Brandon Hutton MAAT Tax Relax Ltd 37 Oakland Street Bedlinog CF46 6TE 31 March 2024